Aon to Sell Cambridge Integrated Services to Scandent

Aon Corporation (NYSE:AOC) has signed a definitive agreement to sell its claims administration business, Cambridge Integrated Services Group, Inc., to Scandent Group. Aon will retain a minority financial interest. Terms of the sale were not disclosed. Patrick G. Ryan, chairman and CEO of Aon Corporation, said, "Clients will benefit from a combination of claims services skills and process management expertise, and we will continue to refer insurance brokerage clients to Cambridge. The sale also fulfills Aon's objective of refocusing on its core businesses." Chris Sinclair, chairman of Scand...